RJ Corporation Has Provided the Following Information About One of Its

question 88

Multiple Choice

RJ Corporation has provided the following information about one of its inventory items: $\begin{array}{clrr}\text { Date }&\text { Transaction } &\text { Number of Units }&\text { Cost per Unit }\\\hline1 / 1 & \text { Beginning Inventory } & 400 & \$ 3,200 \\6 / 6 & \text { Purchase } & 800 & \$ 3,600 \\9 / 10 & \text { Purchase } & 1,200 & \$ 4,000 \\11 / 15 & \text { Purchase } & 800 & \$ 4,200\end{array}$ During the year, RJ sold 3,000 units. What was cost of goods sold using the FIFO cost flow assumption under a periodic inventory system?

• A) $11,680,000.
• B) $11,590,000.
• C)$11,480,000.
• D)$11,550,000.

---

Definitions:

Cerebellum

A region of the brain at the back of the skull in vertebrates, responsible for coordinating and regulating muscular activity.

Sketch Artist

An individual skilled in creating detailed drawing representations of subjects, often used in legal settings to aid in identifying suspects.

Lineup

A procedure in law enforcement where suspects are presented for identification by a witness, or a formation of a team or group arranged by rank or standing.

Recall Task

A cognitive task that requires the retrieval of previously learned information from memory without the presence of the original stimuli.